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Gen Bus Jan 2019 - "Tips for Choosing the Appropriate Liability Insurance for Your Business"

Gen Bus Jan 2019 - "Tips for Choosing the Appropriate Liability Insurance for Your Business"

Excerpt

Tips for Choosing the Appropriate Liability Insurance for Your Business

When it comes to liability insurance, the saying "you can never be too prepared" is quite meaningful. While business owners cannot predict what happens day to day or year to year, they can look into having business liability as way to give themselves peace of mind. The first step is to understand why it’s so important. The Rocky Mountain Insurance Information Association reports that more than one in two home-based business owners lack necessary insurance. Furthermore, the Independent Insurance Agents of America (IIAA) found that 4 of 10 respondents do not have enough coverage because they believe their homeowners policy covers commercial liability. As you can see, education on this matter is essential. Here are descriptions of several different types of liability insurance from the U.S. Small Business Administration...........

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